Thursday, June 01, 2006

Technical Support Levels for Nifty

Nifty Support

Besides the support for Nifty at 2896.4, the index also has support level at around 2840 to 2850 levels. Below that level, it may go into a free fall all the way down to 2670

Fundamentally the market seems ripe for cherry picking, but the news flow and technicals are just dragging the market down. Buyers would jumpe in at any fresh signs of consolidation.

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